Canadian National Railway Co's stock has experienced some fluctuations this week, reflecting broader trends in the industrial sector.
This week, Canadian National Railway Co (CNR.TO) saw its stock close at C$170.58, marking a 0.42% increase on the day but a 2.56% decrease over the past week. As the company navigates the complexities of the transportation sector, several recent developments may have influenced investor sentiment.
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Canadian National Railway Co
CNR.TO
CNR.TO
Canadian National Railway Co
WealthAwesomeMarket cap
$103.18B
P/E
21.9x
Div. yield
2.12%
Div. / share
$3.60
52W high
$185.25
52W low
$123.83
1W change
-2.56%
Beta
0.99
Analyst Price Targets
Based on analyst covering CNR
Wall Street analysts forecast CNR stock price to rise 11.4% over the next 12 months.
Consensus
Moderately BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$190.11
+11.4% Upside
Current Price
C$170.58
Last close
Analyst ratings and price targets are updated periodically. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on CNR's historical volatility
30-Day Vol
15.7%
Annualized
90-Day Vol
18.6%
Annualized
Trend (90d)
+10.2%
Annualized drift
90d Mean
C$176.89
Expected price
| Horizon | Expected | 68% Range (1ฯ) |
|---|---|---|
| 30 trading days | C$172.66 | C$163.56 โ C$182.26 |
| 60 trading days | C$174.76 | C$161.88 โ C$188.67 |
| 90 trading days | C$176.89 | C$161.06 โ C$194.28 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ยฑ1ฯ, 95% band = ยฑ2ฯ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
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Investor takeaway: While CNR's stock has shown resilience year-to-date, investors should remain cautious given the recent weekly decline and the broader market conditions affecting the industrial sector.
CNR's stock is up 23.81% year-to-date despite recent fluctuations.
With a current P/E ratio of 21.87 and an average analyst target of C$190.11, the stock is still viewed as moderately bullish, suggesting potential upside from current levels.
Bull case
CNR's strong profit margin of 26.9% and return on equity of 22.0% demonstrate its operational efficiency and profitability. This makes it an appealing choice for long-term investors looking for stability and growth.
Bear case
On the downside, the recent decline in stock price and its trading below the 50-day moving average may raise concerns about potential volatility in the near term. Investors should be aware of these factors when considering their positions.
Recent Performance Overview
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Canadian National Railway Co (CNR.TO) closed at C$170.58, reflecting a modest increase of 0.42% on Monday. However, the stock has seen a decline of 2.56% over the past week and a drop of 4.55% in the last month. Year-to-date, CNR remains strong with a gain of 23.81%, showcasing resilience in a challenging market environment.
Catalysts Influencing Stock Movement
Recent headlines indicate a focus on grain transportation, with Canadian Pacific Kansas City (TSX:CP) setting a record for grain transport in August. Similarly, CN reported significant grain movement for the same month, which may have implications for CNR's operational outlook. The opening of the $750M CANXPORT Logistics Hub also highlights ongoing investments in logistics infrastructure, potentially benefiting CNR in the long run.
Technical Picture
From a technical standpoint, CNR is currently trading below its 50-day moving average of C$176.00, indicating a 3.1% underperformance relative to this benchmark. The stock is also above its 200-day moving average of C$153.58, reflecting a positive long-term trend with an 11.1% premium. The 52-week range for CNR is C$123.83 to C$185.25, with the current price sitting at approximately 76% of this range. The stock's beta of 0.99 suggests it moves in line with market fluctuations, while recent trading volume of 1,283,080 shares is slightly below the 20-day average of 1,433,086 shares.
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